Analysts Offer Insights on Materials Companies: Resolute Mining (OtherRMGGF) and Cleveland-Cliffs (CLF)
Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Resolute Mining (RMGGF – Research Report) and Cleveland-Cliffs (CLF – Research Report).
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Resolute Mining (RMGGF)
Canaccord Genuity analyst Reg Spencer maintained a Buy rating on Resolute Mining on December 16 and set a price target of A$2.30. The company’s shares closed last Wednesday at $0.78.
According to TipRanks.com, Spencer is a 5-star analyst with an average return of
Resolute Mining has an analyst consensus of Strong Buy, with a price target consensus of $1.06, implying a 43.2% upside from current levels. In a report issued on December 8, Macquarie also upgraded the stock to Buy with a A$1.35 price target.
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Cleveland-Cliffs (CLF)
In a report released today, Alexander Hacking from Citi maintained a Hold rating on Cleveland-Cliffs. The company’s shares closed last Wednesday at $12.93.
According to TipRanks.com, Hacking is a 5-star analyst with an average return of
Currently, the analyst consensus on Cleveland-Cliffs is a Hold with an average price target of $12.26, which is a -5.5% downside from current levels. In a report issued on December 5, J.P. Morgan also maintained a Hold rating on the stock with a $13.00 price target.
